The Urban Acres Development Site. Un-Entitled. Un-Remediated. We are seeking an as-is purchaser with both capital and patience to take advantage of this timely opportunity.
On behalf of the Seller, Evanisko Realty has filed a master entitlement application with site plan (thank you to Ziese Architecture for the site plan assist) in the City of Cudahy for Initial Development Review to gain formalized departmental feedback on the execution of a 50 unit attached for-sale townhome development concept. This is a concept executable under today’s zoning.
The City’s response letter was received on 3/6/24 with commentary affirmative in nature.
The project concept contemplates attached 3-story units, the use of tandem garages for many of the units, and the utilization of 50% State bonus density. The project concept includes five low-income units (at VL rate) which satiates both state bonus density and City of Cudahy inclusionary requirements.
The site will require environmental remediation involving the removal and disposal of soils above residential screening levels for various metals. An actual budget to remediate will be codified when a formal Remediation Action Plan (RAP) is approved by the applicable governing agency (likely DTSC in this case). A detailed synopsis of the scope, anticipated process, and estimated cost to reach environmental closure is included in the project brochure (link above).
The site is being heavily discounted for consideration of only quick sale proposals.
On behalf of the Seller, Evanisko Realty has filed a master entitlement application with site plan (thank you to Ziese Architecture for the site plan assist) in the City of Cudahy for Initial Development Review to gain formalized departmental feedback on the execution of a 50 unit attached for-sale townhome development concept. This is a concept executable under today’s zoning.
The City’s response letter was received on 3/6/24 with commentary affirmative in nature.
The project concept contemplates attached 3-story units, the use of tandem garages for many of the units, and the utilization of 50% State bonus density. The project concept includes five low-income units (at VL rate) which satiates both state bonus density and City of Cudahy inclusionary requirements.
The site will require environmental remediation involving the removal and disposal of soils above residential screening levels for various metals. An actual budget to remediate will be codified when a formal Remediation Action Plan (RAP) is approved by the applicable governing agency (likely DTSC in this case). A detailed synopsis of the scope, anticipated process, and estimated cost to reach environmental closure is included in the project brochure (link above).
The site is being heavily discounted for consideration of only quick sale proposals.
Property Details
Price:
$1,650,000
MLS #:
SR24122635
Status:
Pending
Baths:
0
Address:
7801 Otis Avenue 6225026001
Type:
Land
Neighborhood:
t5walnutpkhuntpkbellnofflorenceandcud
City:
Cudahy
Listed Date:
Jun 14, 2024
State:
CA
ZIP:
90201
Lot Size:
95,832 sqft / 2.20 acres (approx)
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Schools
Interior
Exterior
Community Features
Curbs, Park
Lot Features
Lot 10000-19999 Sqft, Lot 20000-39999 Sqft, Lot 6500-9999, Rectangular Lot, Park Nearby
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0.00
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Community
- Address7801 Otis Avenue 6225026001 Cudahy CA
- AreaT5 – WalnutPk, HuntPk, Bell N of Florence, and Cud
- CityCudahy
- CountyLos Angeles
- Zip Code90201
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Courtesy of Evanisko Realty & Investment. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
7801 Otis Avenue 6225026001
Cudahy, CA
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